(ShareCast News) - London markets edged lower on Tuesday, as losses from housebuilders, engineers and financials eclipsed gains made by industrial metals. As of 14:00 BST, the FTSE 100 was trading 0.2% lower at 6,727. Shares in defence and aerospace engineer Meggitt rose following a report in the F
Read more(ShareCast News) - Bank of England Governor Mark Carney told the Treasury Select Committee Bank Rate may be headed higher a little bit sooner than markets anticipated, sending stocks - especially homebuilders - listed on the second tier index promptly lower. As of 12:13 the top flight index was off
Read more** UK housebuilders take a bruising as BoE Governor Mark Carney reiterates that the time for an interest rate hike moving closer ** Taylor Wimpey top FTSE 100 faller, down 3.3%, followed by Barratt Developments, down 2.9%, then Persimmon 2.5% weaker. Among midcaps, Bellway 3.8% lower, Bovi
Read more* Government to counter delays in housing projects * Local authorities face fines if slow on planning * Launch of new productivity plan follows UK budget (Adds details from plan, reaction from economist, investor) By William Schomberg LONDON, July 9 (Reuters) - Britain's
Read moreUK housebuilders got a boost on Friday on news that Chancellor George Osborne is set to unveil planning reforms that will speed up housebuilding. Osborne is expected to announce changes that will give automatic planning permission on all brownfield sites so it will be easier for people to build exte
Read moreBy William Schomberg LONDON, July 9 (Reuters) - Britain will announce on Friday an overhaul of rules on how and where new houses can be built as it tries to address a chronic shortage of homes and put its economy on a sounder footing. A new plan to boost Britain's weak productivity wi
Read more* FTSE 100 closes up 0.9 pct * Housebuilders, estate agents under pressure after budget * Standard Chartered falls as China turmoil continues (Adds detail, updates prices) By Liisa Tuhkanen and Alistair Smout LONDON, July 8 (Reuters) - A rally in Barclays after a manage
Read moreLondon's housebuilders were hit by several measures unveiled by George Osborne in his Budget statement, with shares across the sector down in Wednesday afternoon trading. The Chancellor revealed measures to cut tax relief on mortgage interest for buy-to-let landlords, which was expected to take some
Read moreLONDON, July 8 (Reuters) - Britain is cutting tax relief on mortgages for wealthy landlords to eliminate some of the advantages they have over people buying their own homes, finance minister George Osborne said on Wednesday. Landlords who pay higher-rate tax are able to claw back 45 pence i
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